Credit Card Pre Authorization Form for South Africa

Credit Card Pre Authorization Form Template for South Africa

A Credit Card Pre-Authorization Form is a legal document used in South Africa that enables businesses to temporarily reserve funds on a customer's credit card for future transactions or potential charges. The document complies with South African financial regulations, including the Consumer Protection Act, National Credit Act, and POPIA, ensuring proper handling of personal and financial information. It establishes the terms under which a merchant can place a hold on specified funds, the duration of the authorization, and the conditions under which the pre-authorization may be converted to an actual charge.

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What is a Credit Card Pre Authorization Form?

The Credit Card Pre Authorization Form is essential for businesses operating in South Africa that need to secure potential future payments from customers. This document is commonly used in situations where the final transaction amount may vary or where businesses need to verify the availability of funds before providing services. The form must comply with South African legislation, including the Consumer Protection Act, National Credit Act, and Protection of Personal Information Act (POPIA). It typically includes details of the merchant and cardholder, specific authorization amounts and duration, terms and conditions, and privacy notices. The document serves as both a security measure for businesses and a transparency tool for consumers, clearly outlining the terms under which funds may be held or charged.

What sections should be included in a Credit Card Pre Authorization Form?

1. Merchant Information: Details of the business requesting the pre-authorization, including legal name, registration number, and contact information

2. Cardholder Information: Customer's details including full name, contact information, and billing address as it appears on the credit card statement

3. Card Details: Secure section for credit card information including card type, masked number (showing only last 4 digits), and expiration date

4. Authorization Details: Specific details about the pre-authorization including maximum amount, duration of authorization, and purpose

5. Terms and Conditions: Standard terms governing the pre-authorization including processing timeframes, refund policies, and dispute procedures

6. Privacy Notice: POPIA-compliant statement about how personal and payment information will be collected, stored, and protected

7. Authorization Declaration: Formal statement of authorization from the cardholder, including acknowledgment of terms and conditions

What sections are optional to include in a Credit Card Pre Authorization Form?

1. Recurring Payment Details: Include when the pre-authorization is for recurring payments, specifying frequency and duration

2. Additional Cardholders: Section for multiple authorized users of the same card, if applicable

3. Specific Transaction Details: For special circumstances requiring detailed breakdown of authorized charges

4. Corporate Authorization: Additional section for corporate cards requiring company authorization details

5. Foreign Transaction Notice: Include when transactions may be processed in foreign currencies

What schedules should be included in a Credit Card Pre Authorization Form?

1. Schedule A - Fee Schedule: Detailed breakdown of all applicable fees and charges that may be applied

2. Schedule B - Processing Terms: Specific terms relating to payment processing, including timeframes and procedures

3. Appendix 1 - Authorized Transaction Types: List of transaction types covered by the pre-authorization

4. Appendix 2 - Security Protocols: Documentation of security measures for protecting card information

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

South Africa

Publisher

Genie AI

Document Type

Authorization Form

Cost

Free to use
Relevant Industries

Retail

Hospitality

Travel and Tourism

Car Rental

Healthcare

Professional Services

Education

Event Management

Accommodation

E-commerce

Subscription Services

Transportation

Relevant Teams

Finance

Legal

Compliance

Operations

Customer Service

Sales

Revenue Management

Risk Management

Front Office

Accounts Receivable

Business Development

Administration

Relevant Roles

Finance Manager

Revenue Manager

Compliance Officer

Legal Counsel

Risk Manager

Operations Manager

Customer Service Manager

Sales Manager

Accounts Receivable Specialist

Business Development Manager

Front Desk Manager

Reservations Manager

Credit Controller

Financial Controller

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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